Ingersoll Rand Inc. (NYSE:IR) Shares Bought by Dakota Wealth Management

Dakota Wealth Management lifted its position in shares of Ingersoll Rand Inc. (NYSE:IR) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,405 shares of the industrial products company’s stock after acquiring an additional 3,890 shares during the period. Dakota Wealth Management’s holdings in Ingersoll Rand were worth $4,469,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL boosted its stake in Ingersoll Rand by 2.7% in the second quarter. Blair William & Co. IL now owns 12,749 shares of the industrial products company’s stock valued at $1,158,000 after acquiring an additional 331 shares during the period. Pacer Advisors Inc. boosted its position in Ingersoll Rand by 0.8% during the 2nd quarter. Pacer Advisors Inc. now owns 39,711 shares of the industrial products company’s stock valued at $3,607,000 after purchasing an additional 306 shares during the period. ProShare Advisors LLC grew its stake in Ingersoll Rand by 4.4% during the 2nd quarter. ProShare Advisors LLC now owns 71,213 shares of the industrial products company’s stock worth $6,469,000 after buying an additional 3,014 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Ingersoll Rand by 194.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,336 shares of the industrial products company’s stock worth $134,000 after buying an additional 883 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Ingersoll Rand by 73.4% in the second quarter. Public Sector Pension Investment Board now owns 15,470 shares of the industrial products company’s stock valued at $1,405,000 after buying an additional 6,549 shares during the last quarter. 95.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IR has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of Ingersoll Rand from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Citigroup decreased their target price on shares of Ingersoll Rand from $119.00 to $115.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Cfra lifted their price target on Ingersoll Rand from $85.00 to $95.00 and gave the company a “hold” rating in a report on Friday, October 4th. Barclays decreased their price objective on Ingersoll Rand from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Stifel Nicolaus downgraded Ingersoll Rand from a “buy” rating to a “hold” rating and cut their target price for the company from $112.00 to $107.00 in a research note on Monday, November 18th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Ingersoll Rand Trading Up 0.2 %

Shares of Ingersoll Rand stock opened at $94.28 on Thursday. The business has a fifty day simple moving average of $96.89 and a 200-day simple moving average of $95.78. The firm has a market cap of $37.99 billion, a price-to-earnings ratio of 45.99, a price-to-earnings-growth ratio of 3.62 and a beta of 1.44. Ingersoll Rand Inc. has a fifty-two week low of $78.36 and a fifty-two week high of $106.03. The company has a quick ratio of 1.71, a current ratio of 2.36 and a debt-to-equity ratio of 0.46.

Insider Buying and Selling at Ingersoll Rand

In other Ingersoll Rand news, CAO Michael J. Scheske sold 2,531 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $97.44, for a total value of $246,620.64. Following the transaction, the chief accounting officer now owns 11,910 shares of the company’s stock, valued at approximately $1,160,510.40. This represents a 17.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.68% of the stock is owned by corporate insiders.

Ingersoll Rand Profile

Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc.